Hain Capital buys $7.31 million in claims against Sentinel

By Caroline Salls

Pittsburgh, July 2 - Hain Capital Holdings, Ltd. bought $7.31 million in claims against Sentinel Management Group, Inc., according to Wednesday filings with the U.S. Bankruptcy Court for the Northern District of Illinois.

Specifically, Hain bought a $5.62 million claim from IPGL Ltd. and a $1.69 million claim from Preferred Investment Solutions Corp.

Sentinel, a Northbrook, Ill., investment adviser, filed for bankruptcy on Aug. 17, 2007. Its Chapter 11 case number is 07-14987.

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